Price is trading in a short term downtrend on the 4hour to 1hour timeframe. We are in an impulse phase, in this case we have waves 1,2,3,4 and waiting for wave 5 completion which can offer a last wave sell-off. Its safe to say the dollar will be weak for the next few days.
Monthly: - S&D zone Weekly: - Bullish M - Bullish Indicational Candle Daily: - Double Bottom - Bullish M - IC 4H: - Fib Completion - Decel 1H: - Inv H&S
USDCAD moved out of the ascending channel and entered the descending channel . The market is consolidating after breaking at the resistance level , which was previously support. Price action is printing an equal measured move. We expect the compilation of the CD leg. ------------------- Share your opinion in the comments and support the idea with like....
USDCAD on the 4h chart after the recent low retraced over the weekly structure at the 0.618 Level. The market is now trading above the support and according to Plancton's strategy IF the price will break below we will set a nice short order according to Plancton's strategy rules. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴...
In short term USDCAD brakes the 1.3360 -- 1.3245 support zone, We can expect further downside to 1.3280 level today. Stay Bearish upto further confirmation.
USD/CAD H4 has broken the Inverted Head and Shoulders pattern. Expectation downside target is in the area of 1.3225 with resistance in the area of 1.3440.
Hello Traders, here is the full analysis on USDCAD , let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. Kindly tap on like and follow button l.. Please also refer to the Important Risk Management.
We need high level of buyers for the sellers continuation on HTF which is why there is oppourtunity for a buy trade with a good transition of price.
On the H1 time frame, prices are facing bearish pressure from the resistance zone at 1.3380, in line with the 38.2% Fibonacci retracement and descending channel’s resistance where a pullback to this zone could see a potential reversal to the support zone at 1.3300. The 1.3300 support zone lines up with the graphical support area and 78.6% Fibonacci retracement....
USD/CAD - fill the FVG / React to Bearish OB - Continue move lower
USDCAD (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react...
I saw a very opinionated user in the forex chatroom who's holding a short position on this pair, saying that a) it's on a downtrend and b) it's heading towards 1.3000 level. Although I've never traded this pair before (I'm more of a GBPJPY guy), upon opening the chart and doing some analysis, it made me have a bullish bias and I think it's going back up to make a...
After this move to the down side we will retrace til that level. Because that OB & my POI...
The ADX looks like it will soon be crossing below the 25 Line and Confirming the Downtrend as the USD/CAD Bearishly Consolidates below the Daily Moving Averages. My Targets will be the Square-Up between the 78.6% and 100% Retraces
From my Top Down Analysis, USDCAD presented us with shorting opportunities for this week.
Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the USDCAD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: In...
USDCAD has broken below the rising support. Now price is continuously getting rejection from same support act as resistance now. The price is now currently at horizontal support. Once price broken below the bears will get complete control. Manage your levels accordingly.
USDCAD will hit 1.294 target sooner or later. Sit back and watch the magic. 🔮